Bitcoin dominance continues to slip

After briefly dipping below $10,000 threshold, Bitcoin (BTC) has broken back above $10,000 to trade at $10,041 at press time. The major cryptocurrency is down 1.1% over the past 24 hours, also seeing a nearly 3% loss over the past 7 days at press time.

Bitcoin’s dominance on the market has continued to drop, down from 67.7% at the beginning of the day to 67.5% at press time, according to CoinMarketCap.

On the other hand, Ether (ETH), the second cryptocurrency by market cap and the top altcoin, is up 0.5% today to trade at $219 at press time. After seeing a bullish trend reversal earlier this week, Ether it up more than 18% over the past 7 days.

Winners and losers

EOS, the seventh-largest crypto by market cap, is seeing the biggest gains over the past 24 hours at press time, up around 3.2%. As recently reported, EOS is expected to have its first hard fork on Monday, Sept. 23.

In contrast, privacy-focused coin Monero (XMR) slipped 2.6% over the day, which has led the coin to see the largest losses over the past 24 hours at press time.

Total market capitalization has seen a slight loss over the day, down from $269 billion at the beginning of the day to $267 billion at press time. Still, market cap is up on the week after crypto markets saw a notable sell-off to account for $261 billion earlier this week.

Meanwhile, the crypto community is eagerly anticipating a major industry event on Monday, Sept. 23, in the launch of Bakkt’s physically-delivered Bitcoin futures. On Sept. 19, Tom Lee, Fundstrat Global Advisors co-founder and major Bitcoin bull, expressed his bullish stance regarding the upcoming launch, claiming that it will lead to more trust in Bitcoin and crypto from institutional traders.

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

disable

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.